Deckers Outdoor (NYSE:DECK) Issues FY20 Earnings Guidance

Deckers Outdoor (NYSE:DECK) updated its FY20 earnings guidance on Thursday. The company provided EPS guidance of $8.90-9.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.80. The company issued revenue guidance of $2.115-2.140 billion, compared to the consensus revenue estimate of $2.14 billion.Deckers Outdoor also updated its Q3 guidance to $6.30-6.40 EPS.

Several equities research analysts have recently weighed in on the stock. Susquehanna Bancshares upped their target price on shares of Deckers Outdoor from $180.00 to $205.00 in a report on Friday, July 26th. Telsey Advisory Group reaffirmed an outperform rating and issued a $192.00 target price (up previously from $189.00) on shares of Deckers Outdoor in a report on Friday, July 26th. Citigroup set a $180.00 target price on shares of Deckers Outdoor and gave the stock a hold rating in a report on Friday, July 26th. Robert W. Baird set a $180.00 target price on shares of Deckers Outdoor and gave the stock a hold rating in a report on Friday, July 26th. Finally, ValuEngine lowered shares of Deckers Outdoor from a sell rating to a strong sell rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Deckers Outdoor presently has an average rating of Hold and a consensus target price of $168.07.

NYSE:DECK traded up $1.73 during mid-day trading on Thursday, reaching $156.02. 525,100 shares of the company were exchanged, compared to its average volume of 525,272. Deckers Outdoor has a 12 month low of $106.20 and a 12 month high of $180.76. The company has a fifty day moving average of $147.50 and a 200 day moving average of $154.63. The company has a quick ratio of 1.62, a current ratio of 2.69 and a debt-to-equity ratio of 0.24. The stock has a market cap of $4.48 billion, a PE ratio of 17.65, a PEG ratio of 1.50 and a beta of 0.85.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.67) EPS for the quarter, topping analysts’ consensus estimates of ($1.15) by $0.48. Deckers Outdoor had a net margin of 13.45% and a return on equity of 27.74%. The firm had revenue of $276.80 million for the quarter, compared to analyst estimates of $259.71 million. During the same quarter in the prior year, the firm earned ($0.98) EPS. The company’s revenue was up 10.5% on a year-over-year basis. On average, equities research analysts anticipate that Deckers Outdoor will post 8.72 EPS for the current fiscal year.

In other Deckers Outdoor news, CEO David Powers sold 2,500 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $155.00, for a total transaction of $387,500.00. Following the transaction, the chief executive officer now directly owns 99,150 shares in the company, valued at approximately $15,368,250. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.90% of the stock is owned by corporate insiders.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.

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Earnings History and Estimates for Deckers Outdoor (NYSE:DECK)

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